Vanguard Group Inc. reduced its position in shares of HanesBrands Inc. (NYSE:HBI) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,275,051 shares of the company’s stock after selling 500,198 shares during the period. Vanguard Group Inc. owned about 8.81% of HanesBrands worth $836,202,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. First Personal Financial Services purchased a new stake in shares of HanesBrands during the second quarter worth approximately $104,000. Feltz Wealth PLAN Inc. purchased a new stake in shares of HanesBrands during the second quarter worth approximately $132,000. IFP Advisors Inc raised its stake in shares of HanesBrands by 4.7% in the first quarter. IFP Advisors Inc now owns 6,861 shares of the company’s stock worth $194,000 after buying an additional 308 shares during the last quarter. Amica Retiree Medical Trust raised its stake in shares of HanesBrands by 146.1% in the second quarter. Amica Retiree Medical Trust now owns 8,034 shares of the company’s stock worth $202,000 after buying an additional 4,770 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of HanesBrands during the first quarter worth approximately $218,000. 91.31% of the stock is owned by institutional investors and hedge funds.
Shares of HanesBrands Inc. (NYSE:HBI) traded down 0.08% during midday trading on Tuesday, reaching $25.44. 223,750 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $26.57 and a 200-day moving average of $27.05. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 20.42 and a beta of 1.02. HanesBrands Inc. has a one year low of $23.25 and a one year high of $33.24.
HanesBrands (NYSE:HBI) last announced its earnings results on Tuesday, August 2nd. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.01. HanesBrands had a net margin of 8.60% and a return on equity of 59.48%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $0.50 EPS. HanesBrands’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that HanesBrands Inc. will post $1.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Tuesday, August 16th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, August 12th. HanesBrands’s dividend payout ratio is 35.20%.
A number of research firms have issued reports on HBI. Credit Suisse Group AG reiterated a “buy” rating and set a $37.00 price target on shares of HanesBrands in a research note on Wednesday, September 14th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price target on shares of HanesBrands in a research note on Tuesday, August 2nd. Citigroup Inc. cut their price target on HanesBrands from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of HanesBrands in a research note on Thursday, July 7th. Finally, Morgan Stanley reiterated a “buy” rating on shares of HanesBrands in a research note on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. HanesBrands has a consensus rating of “Buy” and an average price target of $34.14.
In other HanesBrands news, CEO Richard A. Noll bought 20,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average price of $25.74 per share, with a total value of $514,800.00. Following the completion of the purchase, the chief executive officer now owns 870,077 shares of the company’s stock, valued at $22,395,781.98. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
HanesBrands Company Profile
Hanesbrands Inc is a manufacturer and marketer of apparels. The Company operates through four segments: Innerwear, Activewear, Direct to Consumer and International. The Company’s portfolio of brands includes Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.
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